SEC, GE Power partner to promote research in power sector

The two agreements are part of SEC’s ongoing collaboration with GE to promote R&D in the power generation sector.
Updated 09 November 2017
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SEC, GE Power partner to promote research in power sector

The Saudi Electricity Company (SEC) and GE Power have signed two technical agreements to promote scientific research and development (R&D) for the power sector in the Kingdom. The collaborations will identify innovative solutions to develop and install new systems that will boost gas turbine efficiency and productivity. The research will also focus on reducing the amount of ash that results from fuel combustion.
Khalid Al-Rashed, executive vice president of engineering and projects, SEC, said: “The first agreement aims to promote research that will help reduce the cost of power generation and power plant maintenance. The second will focus on installing a new system of fuel additives in gas turbines to reduce the water-washing cycle and increase capacity by reducing the amount of ash that results from fuel consumption during the power generation process. The agreements highlight our commitment to leverage advanced technologies to reduce costs and dependence on oil resources, and to meet environmental standards.”
The two agreements are part of SEC’s ongoing collaboration with GE to promote R&D in the power generation sector. “It underlines the commitment of both companies to drive a culture of localized innovation and to identify cutting-edge solutions that will help boost the efficiency of the Kingdom’s power infrastructure,” a press statement said.
“We have a long-term relationship with SEC, and we are committed to further strengthening it through these technical collaboration agreements,” said Hisham Al-Bahkali, president and CEO, GE Saudi Arabia & Bahrain. “The focus on localized R&D to enhance the efficiency and productivity of the power sector supports the goals of Saudi Vision 2030.”
“The new agreements underline our commitment to co-create localized solutions that will support the Kingdom’s power infrastructure,” added Eissa Aqeeli, president & CEO of GE’s Power Services business in Saudi Arabia. “We are confident the collaborations will lead to innovative solutions that will benefit SEC and the Kingdom — not only through greater optimization in resource use but also by nurturing the skills of Saudi professionals in energy-sector research.”
GE and SEC have long supported the development of Saudi Arabia’s power generation sector by bringing industry-leading innovations to the country. In 2016, GE and SEC inaugurated the Saudi PowerGen Efficiency Center (SPEC) for gas and steam turbines, which is operated by SEC across its power plants.


Bank Al-Bilad leaders benefit from Ashridge program

Updated 19 July 2018
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Bank Al-Bilad leaders benefit from Ashridge program

More than 20 senior leaders from Bank Al-Bilad recently participated in an Ashridge Executive Education Leadership Development Program in Riyadh. With a focus on building 21st century leadership capabilities, this highly experiential and practical learning approach helped leaders communicate their strategic vision, set direction and develop high-performing teams to succeed within the dynamic and fast-moving Saudi banking sector.
With over 20 years of experience in developing regional business leaders, Ashridge delivered a highly customized program, designed not only to address the specific challenges facing the bank’s leaders today, but also to unlock emerging opportunities in the future.
Haitham Al-Medainy, general manager of Bank Al-Bilad, said: “Banking executives must constantly evolve their strategic platforms to keep pace with emerging challenges. In our sector, change is constant — from changing regulations to economic movements — and our leaders need to be prepared to tackle these issues with a focus on organizational leadership. The Ashridge program combined leadership development with strategic thinking and gave them hands-on development in solving their daily business challenges.”
The program was led by Ashridge’s international faculty team of Colin Williams and Tony MacRae. “This was an exciting collaborative partnership with Bank Al-Bilad, and a great opportunity to engage with and develop the bank’s leaders around their essential leadership and strategic capabilities necessary to successfully compete in today’s complex and challenging marketplace,” they said in a statement.
Established in 1959, Ashridge is a leading business school for working professionals with an international reputation for leadership development. It is among the 1 percent of business schools globally accredited by AMBA, EQUIS and AACSB; these are the highly regarded benchmarks of quality and standards in business education worldwide.
Each year it works with over 6,000 managers from 850 organizations in 60 countries by helping them to develop their leadership capabilities.
Regionally, Ashridge has over 20 years’ experience in the Middle East, designing and delivering senior leadership assessment and development projects.